Enterprise Service Automation (ESA) - PSFT (MOSC)

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EX - How to manage Exchange Rates Diff in EX Accounting.

edited Jul 3, 2013 7:28AM in Enterprise Service Automation (ESA) - PSFT (MOSC) 1 commentAnswered
Hello

In most countries in Sudamerica is a normal practice; the Accountants generate exchange rate differences for transactions in Expenses.

Let me try to explain with this scenario.

The GL Business Unit is configured with a currency PEN (Nuevos Soles), so the EX BU uses a default and unique currency PEN for Cash Advances.

The Cash Advances wanted to be paid in USD, even the Cash Advance was generated in PEN the payment can by issued in USD through AP (Bank Sustitution or Default Bank with USD external account).

When the employee register the Expenses Report may receive the expenses amounts in USD, PEN and another currencies.

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